Square is now processing more than $15 billion in payments on an annualized basis, up from $10 billion six months ago. The figure excludes transactions completed by coffeehouse chain Starbucks, which began allowing consumers to pay for purchases via the Square Wallet application for iOS and Android late last year.

Production of a second-generation iPad Mini with Retina display will be delayed until October due to screen yield issues, according to a research note by analyst Ming-Chi Kuo of KGI Securities that was obtained by AppleInsider.

Like Apple with its iPad Mini, Microsoft is setting the stage for the release of smaller Windows 8 tablets in the months ahead. This was revealed late last week on the back of another round of record-setting earnings, and follows earlier reports that Microsoft is moving in the direction of smaller devices.

The value of ads running on Google's Android-enabled devices declined sharply quarter-over-quarter, while ads for Apple's iOS-enabled devices grew, according to a new report from MoPub. In fact, devices running iOS--including the iPhone, iPad and iPod touch--control over 75 percent of ad spend share, the report said.

In a series of articles that won the 2013 Pulitzer Prize for explanatory reporting this week, the New York Times accused Apple of sidestepping billions of dollars in taxes and ignoring labor abuses and hazardous working conditions at its suppliers' factories.

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